503-1 STATE STUDENT INCENTIVE GRANTS (CFDA No. 84.069) I. PROGRAM PROFILE Legislation: Higher Education Act of 1965, Section 415A P.U 92-318 as amended, (20 U.S.C. 1070c). (Expires September 30, 1985). Funding Since 1980: Fiscal Year Authorization Appropriation 1980 $ 50,000,000 I/ $76,750,000 1981 100,000,000 76,750,000 1982 76,800,000 73,680,000 1983 76,800,000 60,000,000 1984 76,800,000 76,000,000 Purpose: To help States develop and expand grant assistance to students in attendance at institutions of postsecondary education. Eligibility: All States are eligible to receive Federal formula grants, which must be matched with at least equal funds from State resources. SSIG agencies encourage each State to develop additional sources of grant assistance to needy students in postsecondary education. States may then overmatch SSIG allotments but grants to students cannot exceed $2,000. In 30 states, Federal SSIG funds are overmatched by at least three to one. In the remaining 22, SSIG plus the State match accounts for 40 percent or more of all State grant assistance. To be eligible for one of these grants, undergraduate students must be attending public, private non-profit, and (at State option) proprietary schools, must meet citizen/resident requirements, and must have no out- standing Title IV default or refund payment due. At State option, graduate and less-than-half-time students may also be eligible. All nonprofit institutions are eligible to participate, except where excluded by the State constitution or by a State law enacted prior to October 1978. Administrative Agencies: Under Section 1203 of the Higher Education Act each State designates an agency responsible for these funds. It may be part of the State government, an Education Department or division dealing with higher education, the organization managing other State grant or loan programs, or a designated corporation acting for the State. The agency receives Federal SSIG funds, matches them dollar for dollar with State funds, and distributes them to eligible students 1n the State student aid program.